FET Token Surges 51% as Fetch.ai Files $286.4M Lawsuit Against Ocean Protocol
Fetch.ai's FET token jumped over 51% following the project's lawsuit against Ocean Protocol in New York federal court. The complaint alleges Ocean Protocol converted 661 million Ocean tokens into 286.4 million FET tokens, then sold 263 million FET into the market. Market data shows buyers accumulated 545 million tokens after the lawsuit filing, while exchange netflows turned negative at $1.35 million, indicating strong withdrawal activity.